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I wasn't sure about this question, so I hope that I changed it to clarify a few things. The original question being meaning of "fix" account, assuming you mean "fixed" account.
A fixed account (Fixed Assets) refer to asset accounts that are stable, or "fixed", meaning not easily turned into cash. Fixed assets go under Property, Plant & Equipment (PP&E). These include, Property owned by the company, Plant (buildings, etc), Equipment used in the business, hence the term PP&E.
What else can I help you with?
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
Does accrued depriciation go in asset non current where you subtract?
Accumulated Depreciation is a contra-account, meaning it is shown as a negative, in the Fixed Asset section of the Balance Sheet.
What are different types of bank accounts?
In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
What do the meaning of BO account?
BO ACCOUNT means beneficiary owner account
Is a bank account an open ended account?
Yes it is. Your bank account is your property and you can withdraw funds from them anytime you please. The deposit accepted by the banks is a liability on their part and they must return it, anytime the customer wishes to take them.
What does fixs mean?
The meaning of fixed is to fasten in a secured position.
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
What are the functions of Habib Bank Ltd?
saving account fixed account current account
What is the journal entry for lost of fixed assets?
debit loss of assetcredit fixed asset account
How do you withdraw from a fixed deposit account?
You cannot withdraw from a fixed deposit account without cancelling the note, which will likely incur a cancellation fee...
What are the types of deposits in SBI bank?
State Bank of India offers different types of accounts. They are: a. Savings Account b. Current Account c. Fixed Deposit Account d. Recurring Deposit Account e. Senior Citizen Deposit Account f. Senior Citizen Pension Account g. Etc.
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
Does accrued depriciation go in asset non current where you subtract?
Accumulated Depreciation is a contra-account, meaning it is shown as a negative, in the Fixed Asset section of the Balance Sheet.
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
Is petty cash a fixed cost?
No, petty cash is a control account not an expenditure account.
What is the opposite meaning of fixed?
Broken
